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Importance

Abstract

A method and apparatus for closed loop, automatic processing a loan, including completion of the application, underwriting, and transferring funds, includes use of a programmed computer to interface with an applicant, obtain the information needed to process the loan, determine whether to approve the loan, and effect electronic fund transfers to the applicant's deposit account and arrange for automatic withdrawals to repay the loan. Information is received from the applicant preferably by using voice recognition technology but alternatively by entering the alpha-numeric information using a personal computer keyboard or using the buttons on a telephone. The loan approval determination is made using a neural network with input obtained in part from the applicant and in part from databases accessed by the computer, such as a credit bureau, to obtain a credit report. The loan agreement is transmitted by facsimile to and from the applicant when the applicant has access to a facsimile machine or datafile to be printed or to an agent who delivers the agreement to the applicant when the applicant does not have access. In a preferred embodiment, the applicant accesses the computer from a kiosk where the complete transaction can take place as the applicant waits.

8209373 Computers or microchips with a hardware side protected by a primary internal hardware firewall and an unprotected hardware side connected to a network, and with multiple internal hardware compartments protected by multiple secondary inner hardware firewalls

* 2010/0250,431 SYSTEMS, METHODS, AND MACHINE-READABLE MEDIUMS FOR PROVIDING REAL-TIME DATA OF COMMERCIAL AND FINANCIAL ACTIVITY OF A BUSINESS TO A FINANCIAL INSTITUTION TO GUIDE CREDIT OPERATIONS AND RISK MANAGEMENT

* 2010/0262,535 METHOD AND APPARATUS FOR A VERIFIABLE ON LINE REJECTION OF AN APPLICATION FOR CREDIT

0

2010

8291485 Computers and microchips with a faraday cage, a side protected by an internal hardware firewall and an unprotected side connected to the internet for network operations, and with internal hardware compartments

8739195 Microchips with an internal hardware firewall protected portion and a network portion with microprocessors which execute shared processing operations with the network

2

2011

8726303 Microchips with an internal hardware firewall that by its location leaves unprotected microprocessors or processing units which performs processing with a network

4

2011

8516033 Computers or microchips with a hardware side protected by a primary internal hardware firewall leaving an unprotected hardware side connected to a network, and with multiple internal hardware compartments protected by multiple secondary interior hardware firewalls

1

2011

8732230 Computers and microchips with a side protected by an internal hardware firewall and an unprotected side connected to a network

8627444 Computers and microchips with a faraday cage, with a side protected by an internal hardware firewall and unprotected side connected to the internet for network operations, and with internal hardware compartments

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